The superintendent of financial institutions shall consult with all applicable agencies before admitting a person into the regulatory sandbox. This consultation may include seeking information about any of the following:

1. (A) Whether the applicable agency previously has either:

   1. (1) Issued a license or other authorization to the applicant;
   2. (2) Investigated, sanctioned, or pursued legal action against the applicant.
2. (B) Whether the applicant could obtain a license or other authorization from an applicable agency after exiting the regulatory sandbox.

Last updated January 17, 2023 at 5:45 PM